American Funds College 2039 Fund
Target-date fund
As of its 2026 Q2 report, American Funds College 2039 Fund held 19 positions with $2.15B in net assets. Its ten largest holdings made up 71.9% of the fund. The FCFGX share class costs 0.49% a year. Over the 12 months to May 2026, FCFGX returned 24.1%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and preservation of capital. The target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will increasingly emphasize income and preservation of capital by investing a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. In this way, the fund seeks to achieve an appropriate balance of total return and stability during different time periods.
The fund invests in a mix of American Funds spanning growth, growth-and-income, equity-income, balanced, and fixed income categories, rather than holding securities directly. The asset allocation shifts progressively toward fixed income and away from equities as the fund approaches its target date year, when withdrawals for higher education expenses are expected to begin. The investment adviser periodically rebalances the underlying fund mix and may modify allocations based on its assessment of whether the combination remains appropriate for the fund's objectives.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
RICGXINVESTMENT COMPANY OF AMERICA | 9.36% | $200.95M | 3.1M | $65.83 |
RWIGXCAPITAL WORLD GROWTH & INCOME FUND | 9.06% | $194.53M | 2.5M | $77.70 |
RFNGXFUNDAMENTAL INVESTORS | 8.41% | $180.59M | 1.8M | $99.44 |
BOND FUND OF AMERICA (THE) (BFA) | 7.51% | $161.31M | 14.3M | $11.29 |
GROWTH FUND OF AMERICA (THE) | 7.19% | $154.35M | 1.9M | $82.59 |
RWMGXWASHINGTON MUTUAL INVESTORS FUND (WMIF) | 6.67% | $143.08M | 2.1M | $67.51 |
RLLGXSMALLCAP WORLD FUND INC | 6.63% | $142.25M | 1.7M | $84.04 |
RITGXAMERICAN HIGH-INCOME TRUST | 6.30% | $135.15M | 13.7M | $9.87 |
RLBGXAMERICAN BALANCED FUND (AMBAL) | 5.55% | $119.15M | 3.0M | $39.60 |
RNPGXNEW PERSPECTIVE FUND (NPF) | 5.21% | $111.79M | 1.5M | $72.36 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 19 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 83.15% |
| Bonds | 11.82% |
| Cash & short-term | 3.10% |
| Securitized | 1.54% |
| 2 smaller | 0.34% |
Look-through blends 15 underlying funds; 13.581% of NAV was not looked through and stays direct-classified.
How it has done
FCFGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.17%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.49% | +24.11% | +70.72% | +54.55% | -8.74% | |
| 0.80% | +24.09% | +70.37% | +53.84% | -8.73% | |
| 0.99% | +23.53% | +68.19% | +50.75% | -8.90% | |
| 0.43% | +24.21% | +71.12% | +54.95% | -8.83% | |
| 0.77% | +23.76% | +69.32% | +52.15% | -8.88% | |
| 0.77% | +24.02% | +70.49% | +54.22% | -8.73% | |
| 1.52% | +22.87% | +65.48% | +46.73% | -8.97% |
These classes hold the same portfolio, so the 8.22pp spread over 5 years is the cost difference between them — roughly 1.64pp a year — not a difference in what they own.
Fees & fund details
American Funds College 2039 Fund is a target-date fund.
- Asset class
- Target-date
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.43% – 1.52%· FCFGX 0.49%
- Portfolio turnover
- 4.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
0 new
0 exited
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